St. Paul daily globe., 1887-10-02

RNOW ALLMEN BY THESE PRESENTS:
IA That We the undersigned, have agreed
10 ana do hereby associate ourselves togeth-
er for the purpose of becoming incorporated
under and pursuant to the laws of the state
OF Minnesota, and to that end we do hereby
adopt and sign the following articles of in
corporation VIZ:
First-The name of the corporation here
by formed shall be the Sandstone Townsite
company, and the general nature of its bust
ness shall be the buying, owning, leasing,
plating, improving. selling. mortgaging and
dealing in lands, tenements and heredita-
ments and real, personal and mixed estate in
the county of Pine and state of Minnesota.
The principal place for transacting the bust
ness OF said corporation shall be the city of
st. Paul, in the county of Ramsey and State
of Minnesota
Second-The time of commencement of
said corporation shall be the 27th day of
September, 1887, and the period of its CON
tinuance shall be the term of thirty years
Third-The amount of capital stock of said
corporation shall be ten thousand 100000
dollars and shall be divided into 200 two
hundred) shares Of the par value of fifty
t5O) dollars each and shall be paid for in
money or such other property, real or per-
sonGl, as the board of directors of such cor
poratlon may agree to accept in lieu of
money at the time of the issuance of said
stock
FOurth-The highest amount of indebted
ness or liability to which said corporation
thousand Is ,000) dollars
Fifth-The names of the persons forming
this corporation and their places of resi-
dence are: William ii. Grant and John P
Knowles both residing at st. Paul, Ramsey
county, Minnesota; Fred A. Hodge and
James Hurley, both residing at Pine City,
Pine county, Minnesota
Slxth-The government of said corporation
and the management of its affairs shall be
vested in board of five diractors, who shall
elected hni OF
the annual meeting, to be held as provided
In the bylaws to be adopted, and the said di-
rectors, Immediately after their election, shall
organize and elect from said stockholders
president secretary and treasurer. Said di-
rectors and officers shall respectively hold
their office for the period of one year after
said election and until their successors are
elected and qualified. Said officers shall per-
the bylaws, and the Office of secretary and
treasurer may be filed by the same person.
The annual stockholders meeting for the
election OF board of directors, and the trans
may properly come before it. shall
be held at the Office of said cor
poration at such time as the bylaws shall
prescribe, and special meetings of the stock
holders shall be held at such times and under
such rules and regulations as to notice or
otherwise as may be prescribed by the by
laws; and at such meetings stockholders NAV
be represented and vote by proxy, duly APP
each stOckholder shall be entitled to one vote
for each share of stock held by him, and the
holders of majority of the stock shall con-
stltute quorum at such meetings for the
transaction of business
The duties and compensation of the Off
GERS of said corporation shall be fixed by the
bylaws. The bylaws of said corporation
shall be adopted by the stockholders at their
first annual meeting, or at a special meeting
to be called for that purpose, and shall be
cnAnpp6 AIfqrn6 Qman6nd nra1xr af
nual meeting of the stockholders or at spe-
clal meeting called for lhat purpose but the
hrst board OF directors may adopt bylaws
winch shall continue in force until bylaws
shall have been adopted by the stockholders,
as hereinbefore provided.
The first board of directors of said corpora.
ton shall consist of William H. Grant John
T. Knowles, Fred A. Hodge and James Hur-
William I'll. Grant shall be president and
John P. Knowles shall be secretary and treas
urer of said corporation, and shall hold their
ofhces until the next annual meeting of the
stockholders and until their successors are
elected and qualified
In witness whereof we have hereunto set
our hands hands and seals this 9th day of Septem-
Der, 1887.
WILLIAM H. GRANT. TSeal.1
JOHN P. KNOWLES. tSeal.t
FRED A. HODGE, Seal
JAMES HURLEY, fSealj
In presence of
ii. ii. HERDST,
LA FAYETTE SHAW
STATE OF MINNESOTA, Ice
COUNTY OF RAMSEY, sss'
Before me, notary public within and for
said county and state, personally appeared
William II. Grant, John P Knowles. Fred A.
Hodge and James Hurley ON this 2Sth day of
September, 1887, to me known to be the
persons described in and who executed the
foregoing instrumental acknowledged that
nynnnta6 no act tGni,- froa Il
deed and for the uses and purposes therein
expressed. H II. HERBsT
[Notarial Seal.] Notary Public, Minnesota.
272-27S